Financial Roll Call with James Fay

An investment property is real estate purchased for the purpose of generating income. Buying an investment property can come with many challenges, such as maintenance costs and stricter financing requirements. This can include higher interest rates and a larger down payment compared with mortgages on primary homes.

During this episode of Financial Roll Call, host James Fay welcomes back expert loan officer Anthony Marone to educate our listeners and the law enforcement community on this very important topic. Anthony has been on previous episodes of this podcast to educate us on various other mortgage topics, and he does a great job here of breaking down the process of owning an investment property.

There are many variables to consider when purchasing an investment property, but, before you dive in headfirst, you should start by doing your research.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

Credit scores directly impact mortgage interest rates. A difference of just 100 points could cost, or save, you thousands.

In this episode of Financial Roll Call, host James Fay interviewed a familiar face to the podcast. Anthony Marone, a loan officer with NJ Lenders, once again educated our listeners and law enforcement community. This time, he provided a better understanding of why your credit score is so important. Anthony does a great job of breaking down the many different factors that go into your credit score and some of the reasons why it is a good idea to maintain a good credit score.

When you build and maintain strong credit, mortgage lenders have greater confidence when qualifying you for a mortgage because they see that you have paid back your loans as agreed and used your credit wisely.

Strong credit also means your lender is more apt to approve you for a mortgage that has more favorable terms and a lower interest rate.

NerdWallet: What Is a Credit Score, and What Are the Credit Score Ranges?

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

With one stroke of the pen, New Jersey Governor Phil Murphy has allowed approximately 8,000 PFRS members with 20 years of service to retire early.    

In this episode of Financial Roll Call, host James Fay discusses the legislation known as the “Burnout Bill” which allows public safety workers who will have 20 years of service within the next two years to retire with a pension, which they can start collecting immediately, regardless of their age. James expresses his concerns on issues that officers might face if they consider this retirement option without first developing a financial exit strategy.   

Having a plan might be the difference between success and failure.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

Should I name my children as beneficiaries? This is a question that is asked often. You should know that if your children are still minors, you need to take additional steps if you choose to name them as beneficiaries.  

During this episode of Financial Roll Call, host James Fay welcomes back expert estate planning attorney Michele Clark to educate our listeners and the law enforcement community on this very important topic. Michele has previously been on several episodes of this podcast, educating us on various estate planning topics, and she does a great job of breaking down the process of naming your minor children as beneficiaries on this episode.  

A key benefit of both knowing and understanding this process can help your heirs avoid probate court and its associated expense and inconvenience.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

Are you cleared to close?    

The housing market has been on a tear for quite some time now. This has caused a lot of questions with regards to buying a new house or refinancing an existing mortgage. Being that there are a lot of moving parts to securing a mortgage, we thought it would be best to spend some time educating our listeners and the law enforcement community on Title Insurance. And, more importantly, what a Title Agency does.  

In this episode of Financial Roll Call, host James Fay interviews Ron Osadacz, a Title Insurance Professional with the Clear to Close Title Agency. Ron does a great job of breaking down the role of a title agency, which is to verify that the title to the real estate is legitimately given to the home buyer. He further explains how Title Insurance is just a one-time premium that is paid at closing.    

Title Insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in the title to your property that is covered by the policy. This conversation with Ron Osadacz will help you gain a better understanding of how that process works.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

Since mortgage rates have been (and still are) at historically low levels over the past year, it has caused a lot of people to ask the question: “Should I refinance my mortgage?”  

In this episode of Financial Roll Call, host James Fay interviews a familiar face to our podcast. Anthony Marone, a loan officer with NJ Lenders, is back once again to educate our listeners and law enforcement community. This time, Anthony speaks about the rules of refinancing. He does a great job of breaking down the many different factors that go into refinancing a mortgage, as well as some of the reasons that homeowners might want to refinance.  

With mortgage rates slowly moving up, now might be the time to investigate whether you should be looking to refinance your mortgage. The goal of this episode is to help you decide if now is the right time for you to do that.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

Investing in yourself could prove to have the best rate of return. During this episode of Financial Roll Call, host James Fay interviews Ed Esposito, who is a Captain with the Essex County Sheriff’s Office and more importantly the founder of ESPOS Test Prep which provides comprehensive training for promotional law enforcement exams.  

The financial impact of being promoted throughout your career directly affects your pension in retirement. The monetary figures are very eye opening and should be motivation to put yourself in a position to get promoted and rise through the ranks.  

Remember... you are your #1 asset!

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

Learn more: https://shorepointadvisors.com/

What is your investment philosophy?

When asked, this question generally produces a lot of blank stares. During this episode of Financial Roll Call, host James Fay interviews Jason Lamb, who is the CEO and Founder of Shore Point Advisors. It is Jason’s vision and passion that has shaped the investment philosophy we use here at Shore Point Advisors.

An investment philosophy is a set of beliefs and principles that guide an investor's decision-making process. Most investors who achieve long-term success develop and refine their investment philosophies over time and do not frequently switch between philosophies as market conditions change.

Investment philosophies should include:

• Basis of the investor's goals,
  
• Their timeline or horizon,
  
• Their tolerance to experience risks of various types,
  
• And their individual capital status or needs.
  

Take the time to understand the philosophy behind your investments, because “to make money” is not a philosophy, it is a wish.

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.

As a New Jersey Police Officer, are you taking advantage of this exclusive mortgage program?   

During this episode of Financial Roll Call, host James Fay interviews Anthony Marone, who is considered an expert with originating the Police and Fire Mortgage for New Jersey’s Police Officers. As a police officer himself, Anthony understands the unique stresses and financial burdens which our everyday heroes go through daily.   

The Police and Firefighter Mortgage is a huge benefit to members who are eligible. Anthony does a great job of explaining the eligibility and terms of this program. Through his experience as a loan officer, he explains that many of his past law enforcement clients had their monthly payments reduced significantly using this mortgage program.   

It is worth the time to review this program and see how you may benefit.  

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Shore Point Advisors is an investment adviser located in Brielle, New Jersey. Shore Point Advisors is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shore Point Advisors only transacts business in states in which it is properly registered or is excluded or exempted from registration. Insurance products and services are offered through JCL Financial, LLC (“JCL”). Shore Point Advisors and JCL are affiliated entities.  

Learn more: https://shorepointadvisors.com/

For the majority of law enforcement officers, their initial introduction to investing is the Deferred Compensation Plan which is offered through their employer. A Deferred Compensation Plan is most beneficial when you can reduce both your present and future tax rates by deferring your income. Unfortunately, it is challenging to project future tax rates.  

During this episode of Financial Roll Call, host James Fay begins by discussing some of the rules that govern a Deferred Compensation Plan, as well as how the plan and its contribution limits work. He then explains some of the advantages and disadvantages with this type of plan before wrapping up the episode with some key takeaways.  

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Nothing provided herein constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments.  

Shore Point Advisors is registered as an investment adviser with the State of New Jersey.  Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Securities and Exchange Commission or any state securities authority.  

Learn more: https://shorepointadvisors.com/